The Knowledge Economy as a Development Potential for Industrialized Countries and a Perspective for Developing Countries

Autor: Fhima, Fredj, Trabelsi, Walid
Zdroj: International Journal of Knowledge-Based Organizations (IJKBO); October 2019, Vol. 9 Issue: 4 p21-37, 17p
Abstrakt: Based on a panel of 51 countries (22 developed and 29 developing) for a period from 2002 to 2012, this study develops a number of indicators and indexes to compare these two groups of countries according to their knowledge economy content. Results show that in OECD countries, knowledge plays a central role in economic performance and growth. These countries have managed to convert knowledge to ability; they are called knowledge-based economies. Developing countries, although they use knowledge, only few of them are regarded as knowledge-based. The success of a strategy of building the knowledge economy requires investments in knowledge which translates into expenditures on research and development and a strong education system.
Databáze: Supplemental Index